June Chip Sales in Taiwan
Point to a Lesser Rebound

A Wall Street Journal NEWS ROUNDUP

Updated July 9, 2002 6:30 p.m. ET

TAIPEI, Taiwan -- Taiwan's semiconductor makers said revenue soared in June from a year earlier but rose only marginally from the previous month, underscoring how hopes of a stronger recovery in global technology spending are fading amid weak corporate earnings.

Taiwan Semiconductor Manufacturing Co. said its June sales soared 83% to 15.62 billion New Taiwan dollars (&euro;480 million) from NT$8.52 billion a year earlier but rose...